Mondelez International, Inc. (NASDAQ:MDLZ) Holdings Decreased by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 67.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 41,448 shares of the company’s stock after selling 84,311 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Mondelez International were worth $2,476,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MDLZ. Marshall Investment Management LLC bought a new stake in Mondelez International during the 4th quarter valued at $26,000. Hager Investment Management Services LLC acquired a new position in Mondelez International in the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth $31,000. McClarren Financial Advisors Inc. acquired a new stake in Mondelez International during the 4th quarter worth about $32,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Mondelez International in the 4th quarter valued at approximately $32,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MDLZ. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. UBS Group lowered their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Citigroup reduced their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Piper Sandler lifted their price objective on Mondelez International from $56.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, March 27th. Finally, Barclays decreased their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.50.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $67.85 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The stock’s 50-day moving average is $62.45 and its 200-day moving average is $64.70. The stock has a market cap of $87.77 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International declared that its board has authorized a share repurchase plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.77%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.